LGI Homes, Inc. (NASDAQ:LGIH) CEO Eric Thomas Lipar Sells 10,000 Shares
LGI Homes, Inc. (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.59, for a total transaction of $425,900.00. Following the completion of the sale, the chief executive officer now owns 524,175 shares in the company, valued at $22,324,613.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
LGI Homes, Inc. (LGIH) traded up 0.24% during mid-day trading on Wednesday, hitting $42.60. 237,789 shares of the stock were exchanged. LGI Homes, Inc. has a 52-week low of $26.82 and a 52-week high of $43.90. The stock has a market cap of $920.12 million, a PE ratio of 12.79 and a beta of 0.05. The stock’s 50 day moving average is $38.32 and its 200 day moving average is $32.82.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. LGI Homes had a net margin of 8.95% and a return on equity of 22.09%. The business had revenue of $162.91 million during the quarter, compared to analysts’ expectations of $161.68 million. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. Analysts forecast that LGI Homes, Inc. will post $4.18 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in LGIH. Cullen Frost Bankers Inc. bought a new stake in shares of LGI Homes during the first quarter worth $744,000. Boston Advisors LLC boosted its stake in shares of LGI Homes by 352.5% in the first quarter. Boston Advisors LLC now owns 201,781 shares of the financial services provider’s stock worth $6,842,000 after buying an additional 157,192 shares in the last quarter. Capital Impact Advisors LLC boosted its stake in shares of LGI Homes by 22.4% in the first quarter. Capital Impact Advisors LLC now owns 50,310 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 9,210 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of LGI Homes during the first quarter worth $234,000. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of LGI Homes by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,250 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 86.93% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a report on Tuesday. ValuEngine downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Wells Fargo & Company upgraded shares of LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 target price on the stock in a report on Tuesday, May 16th. Finally, Wedbush restated a “neutral” rating and issued a $35.00 target price on shares of LGI Homes in a report on Thursday, April 6th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Buy” and an average target price of $39.00.
LGI Homes Company Profile
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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